Mitsui Rail Capital promotes Penovich, Gerber

Written by
William C. Vantuono, Editor-in-Chief

Mitsui Rail Capital, LLC (MRC) has promoted Daniel Penovich to President and Chris Gerber to Vice President of Sales and Marketing. Both MRC executives have extensive experience with MRC as well in the railroad and railroad leasing business.

Penovich joined MRC in 2010 as Vice President of Sales and Marketing “and over the past four years contributed significantly to the company’s revenue growth, sales effectiveness, and improved asset utilization,” MRC said.

Gerber, with 30 years of experience in the rail industry, “has served successfully at MRC since 2012 in sales, earning this promotion to Vice President, Sales and Marketing,” MRC said. “His efforts and industry experience helped MRC in improving its asset portfolio and in implementing its new leasing strategy.”

Chicago-based Mitsui Rail Capital, LLC is a railcar leasing company and fleet management and maintenance services provider to the North American transport market. With a diversified fleet of more than 8,000 railcars, MRC offers flexible leasing options and a broad suite of railcar operations, mechanical and contractual management services, and rail logistics solutions. Founded in 1996, MRC is wholly owned by Mitsui & Co., Ltd., headquartered in Tokyo, Japan.